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News Breaks
December 31, 2012
10:34 EDTDNKN, EAT, PNRA, MCD, CAKE, DPZ, CMG, WEN, DRI, YUMNational Restaurant Association’s November RPI rose to 99.9
The National Restaurant Association announced its Restaurant Performance Index, or RPI, rose in November to 99.9. The RPI consists of two components - the Current Situation Index and the Expectations Index - and tracks the health of and outlook for the U.S. restaurant industry. The Current Situation Index stood at 99.8 in November – up 0.6 percent from 99.3 in October. Although restaurant operators reported net positive sales and traffic results in November, softness in the labor and capital spending indicators outweighed the performance, resulting in a Current Situation Index reading below 100 for the fourth time in the last five months. The Expectations Index stood at 100.0 in November – up 0.4 percent from October. Although November was an improvement over October’s reading of 99.7, it still signals that restaurant operators are uncertain about the business environment in the months ahead.
News For MCD;YUM;CMG;PNRA;DRI;DPZ;EAT;WEN;CAKE;DNKN From The Last 14 Days
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April 15, 2014
08:01 EDTCMGChipotle Mexican Grill volatility increases into Q1 and outlook
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April 14, 2014
07:23 EDTYUMJapan sees first bird flu outbreak since 2011, Mainichi reports
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April 13, 2014
16:04 EDTDRIDarden sued by investors on corporate bylaws, WSJ says
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April 11, 2014
13:45 EDTDRIDarden responds to ISS, Glass, Lewis reports
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06:36 EDTPNRAPanera Bread to utilize more technology, Re/code reports
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April 10, 2014
11:14 EDTDPZDomino's Pizza signs 15-year master license agreement for South Africa
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10:30 EDTCAKECheesecake Factory upgraded to Buy from Neutral at Tigress Financial
Tigress Financial upgraded Cheesecake Factory to Buy citing the company's consistent comparative store sales growth.
10:29 EDTWENWendy's initiated with a Buy at Tigress Financial
08:46 EDTCMGChipotle well positioned to sustain operating momentum, says RW Baird
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April 9, 2014
17:37 EDTPNRAPanera Bread CEO: Mobile kiosks will create faster service
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April 8, 2014
07:54 EDTYUMYum! Brands testing new Super Chix concept, AdAge reports
Yum Brands will start testing Super Chix, a new concept restaurant, AdAge reports. This week, Super Chix will launch in Arlington, Texas, with a limited menu including chicken sandwiches, chicken tenders, fries, salads and custards. A spokesperson for Yum says the concept "may in the future be considered for international purposes." Reference Link
April 7, 2014
10:13 EDTCMGChipotle Mexican Grill volatility elevated into Q1 and outlook
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April 5, 2014
12:45 EDTDNKNDunkin' Brands could fall hard if expectations are missed, Barron's says
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April 4, 2014
06:54 EDTMCDMcDonald's ceases work in Crimea, Reuters says
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06:44 EDTWEN, DNKNMost senators resisting compromise on minimum wage increase, Politico reports
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April 3, 2014
06:34 EDTMCD, WEN, DNKNStates moving on minimum wage hikes, NY Times says
Since President Obama called for an increase in the federal minimum wage 14 months ago, seven states and Washington, DC have passed such an increase, according to The New York Times. Meanwhile, 34 other state legislatures have started debating the issue and activists in another eight states are looking to get proposals for minimum wage increases on voter ballots, the newspaper stated. Companies that could be affected by minimum wage increases include McDonald's (MCD), Burger King (BKW), Wendy's (WEN), Jack in the Box (JACK), Dunkin Donuts (DNKN), and Sonic Corporation (SONC). Reference Link
April 2, 2014
07:26 EDTYUMYum! Brands price target raised to $89 from $80 at Oppenheimer
Oppenheimer increased its price target on Yum! as the firm thinks the company's multiple could expand, while its earnings could surpass expectations going forward. The firm adds that Taco Bell's breakfast initiative has not been built into estimates and is thus "a free option" for investors. Oppenheimer recommends owning the stock now and keeps an Outperform rating on the shares.
07:10 EDTMCDEx-McDonald's store managers admit to withholding wages, Bloomberg says
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06:54 EDTCMGChipotle Mexican Grill volatility elevated at 52 into Q1 and outlook
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